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I want to anounce a new trailing stop loss method. It is available for both LOCTrailing expert advisor and LOCTrailing with Partial Close EA. Also it will be available for LOCTrader expert advisor soon.
The method is called Percent trailing. It is not based on indicators and very straightforward.
You will set the percent % of the order profit to lock. For example you want to lock 30% of the profit. This means when you get 20 pips of profit LOCTrailing will place the stop loss at 30% -- 6 pips and will continue to trail the stop loss when the price continue to move in your favor. The SL will always lock 30% of the order.
+6 pips at +20 pips
+9 pips at +30 pips
+12 pips at +40 pips
And so on.
This method also allows you to setup the minimum profit to lock. For example you can set 30% and start at 10 pips. With these settings EA will start trailing stop when order profit is +33pips setting the SL at +10 pips (30%)
A video demonstration is available here:http://youtu.be/Mu5Vy8PVrEA
More info about LOCTrailing with partial close EA:http://www.landofcash.net/ForexExpertAdvisor-LOCTrailingWithPartialClose.aspx
More info about LOCTrailing EA is here:http://www.landofcash.net/ForexExpertAdvisor-LOCTrailing.aspx
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